Jackson Thornton Wealth Management LLC Buys Shares of 857 Adobe Inc. $ADBE

Key Points

• Jackson Thornton Wealth Management LLC acquired 857 shares of Adobe Inc., valued at approximately $328,000, during the second quarter.
• Institutional investors collectively own 81.79% of Adobe's stock, with significant purchases from firms like Vanguard Group Inc. and Bank of New York Mellon Corp.
• Adobe reported a quarterly EPS of $5.31, exceeding analysts' expectations, and set FY 2025 guidance at $20.800-20.850 EPS.

Jackson Thornton Wealth Management LLC purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 857 shares of the software company's stock, valued at approximately $328,000.

Several other large investors also recently made changes to their positions in ADBE. Vanguard Group Inc. raised its holdings in Adobe by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock valued at $15,779,895,000 after acquiring an additional 171,547 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Adobe by 14.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock worth $2,504,685,000 after buying an additional 821,293 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Adobe by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company's stock worth $2,097,289,000 after buying an additional 126,688 shares in the last quarter. Amundi raised its holdings in shares of Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company's stock worth $1,782,642,000 after buying an additional 961,895 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Adobe by 68.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock worth $1,754,954,000 after buying an additional 1,856,544 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Adobe Stock Up 3.0%

Shares of ADBE opened at $343.40 on Tuesday. The firm has a market capitalization of $143.75 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.49 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The business's fifty day moving average price is $351.18 and its two-hundred day moving average price is $368.72. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the company earned $4.65 EPS. The business's quarterly revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ADBE shares. Wall Street Zen cut Adobe from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings restated a "hold (c-)" rating on shares of Adobe in a research report on Wednesday, October 8th. Morgan Stanley lowered Adobe from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. Evercore ISI decreased their price target on Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a research report on Friday, September 12th. Finally, JMP Securities restated a "market perform" rating on shares of Adobe in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $433.41.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

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